ZENITH_PROPERTY_CONSERVAT - Accounts

ZENITH PROPERTY CONSERVATION LIMITED - Company Information

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Company Registration No. SC306997 (Scotland)

ZENITH PROPERTY CONSERVATION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

ZENITH PROPERTY CONSERVATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ZENITH PROPERTY CONSERVATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

23,766

31,688

Current assets

Stocks

3,349

3,774

Debtors

696,065

605,186

Cash at bank and in hand

127,119

28,762

826,533

637,722

Creditors: amounts falling due within one year

(696,441)

(637,935)

Net current assets/(liabilities)

130,092

(213)

Total assets less current liabilities

153,858

31,475

Provisions for liabilities

(6,338)

147,520

25,137

Capital and reserves

Called up share capital

100

Profit and loss account

147,420

25,037

Shareholders' funds

147,520

25,137

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 May 2015

C McCurdy

Director

Company Registration No. SC306997

ZENITH PROPERTY CONSERVATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company made profits during the year and at the year end had a positive balance sheet. The directors consider that the company will continue to be the case for the foreseeable future and on this basis the accounts have been prepared as a going concern.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that the company is small.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

ZENITH PROPERTY CONSERVATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2013 & at 30 September 2014

42,253

Depreciation

At 1 October 2013

10,565

Charge for the year

7,922

At 30 September 2014

18,487

Net book value

At 30 September 2014

23,766

At 30 September 2013

31,688

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Zenith (Edinburgh) Holdings Limited, a company registered in Scotland.